Canada profits from 'not in my backyard' may increase

March 2007
InTech;Mar2007, Vol. 54 Issue 3, p12
The article reports that a 300,000-barrel-a-day crude-oil refinery, costing $5-to$7 billion will be set up by Irving Oil on the east coast of Canada. This would be completed by 2013 and would be the first refinery in Canada in more than 25 years. This refinery would supply the markets of Boston and New York with gasoline, natural gas and, in the long run, petrochemicals and related products. Canada currently supplies 16% of the imported oil of the U.S. as well as 85% of its imported natural gas.


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